DERAEDT CONSTRUCT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DERAEDT CONSTRUCT
Largest movements
- Stocks and contracts +€46,700
up €46,700 (+140%), from €33,300 to €80,000
of which Contracts in progress: +€44,200
- Cash +€23,503
up €23,503 (+29.0%), from €80,909 to €104,412
mainly Net result for the year (+€47,615) and Depreciation (+€30,010)
- Receivables within one year +€15,887
up €15,887 (+21.4%), from €74,263 to €90,150
of which Trade receivables: +€13,367
- Reserves +€42,615
up €42,615 (+15.6%), from €272,862 to €315,477
of which Distributable reserves: +€42,615
- Other debts +€24,831
up €24,831 (+42.2%), from €58,887 to €83,717
- Gross operating margin +€30,845
up €30,845 (+21.8%), from €141,814 to €172,658
- Other operating charges +€13,015
up €13,015 (+167%), from €7,779 to €20,795
- Depreciation +€8,989
up €8,989 (+42.8%), from €21,021 to €30,010
- Financial charges +€5,389
up €5,389 (+42.0%), from €12,831 to €18,220
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €922,738 | €1,009,220 | +€86,482 | +9.4% |
| Fixed assets | 21/28 | €725,950 | €716,357 | -€9,593 | -1.3% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €724,199 | €714,606 | -€9,593 | -1.3% |
| Land and buildings | 22 | €624,222 | €622,178 | -€2,043 | -0.3% |
| Plant, machinery and equipment | 23 | €99,807 | €92,427 | -€7,380 | -7.4% |
| Furniture and vehicles | 24 | €170 | €0 | -€170 | -100% |
| Financial fixed assets | 28 | €1,750 | €1,750 | = | 0.0% |
| Current assets | 29/58 | €196,788 | €292,863 | +€96,075 | +48.8% |
| Stocks and contracts in progress | 3 | €33,300 | €80,000 | +€46,700 | +140% |
| Stocks | 30/36 | €16,500 | €19,000 | +€2,500 | +15.2% |
| Contracts in progress | 37 | €16,800 | €61,000 | +€44,200 | +263% |
| Amounts receivable within one year | 40/41 | €74,263 | €90,150 | +€15,887 | +21.4% |
| Trade receivables | 40 | €74,263 | €87,630 | +€13,367 | +18.0% |
| Other amounts receivable | 41 | €0 | €2,520 | +€2,520 | |
| Cash at bank and in hand | 54/58 | €80,909 | €104,412 | +€23,503 | +29.0% |
| Deferred charges and accrued income | 490/1 | €8,316 | €18,301 | +€9,985 | +120% |
| Total equity and liabilities | 10/49 | €922,738 | €1,009,220 | +€86,482 | +9.4% |
| Equity | 10/15 | €346,381 | €388,996 | +€42,615 | +12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €272,862 | €315,477 | +€42,615 | +15.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €271,002 | €313,617 | +€42,615 | +15.7% |
| Profit (loss) carried forward | 14 | €54,919 | €54,919 | = | 0.0% |
| Amounts payable | 17/49 | €576,357 | €620,224 | +€43,867 | +7.6% |
| Amounts payable after more than one year | 17 | €428,953 | €434,031 | +€5,078 | +1.2% |
| Financial debts | 170/4 | €428,953 | €434,031 | +€5,078 | +1.2% |
| Amounts payable within one year | 42/48 | €146,786 | €182,036 | +€35,251 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €31,583 | €34,052 | +€2,470 | +7.8% |
| Trade debts | 44 | €30,023 | €31,723 | +€1,701 | +5.7% |
| Suppliers | 440/4 | €30,023 | €31,723 | +€1,701 | +5.7% |
| Taxes, remuneration and social security | 45 | €26,293 | €32,543 | +€6,250 | +23.8% |
| Taxes | 450/3 | €22,160 | €26,843 | +€4,683 | +21.1% |
| Remuneration and social security | 454/9 | €4,133 | €5,700 | +€1,567 | +37.9% |
| Other amounts payable | 47/48 | €58,887 | €83,717 | +€24,831 | +42.2% |
| Accrued charges and deferred income | 492/3 | €618 | €4,157 | +€3,539 | +573% |
| Remuneration, social security and pensions | 62 | €41,755 | €40,420 | -€1,335 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,021 | €30,010 | +€8,989 | +42.8% |
| Other operating charges | 640/8 | €7,779 | €20,795 | +€13,015 | +167% |
| Gross operating margin | 9900 | €141,814 | €172,658 | +€30,845 | +21.8% |
| Operating profit (loss) | 9901 | €71,258 | €81,433 | +€10,175 | +14.3% |
| Financial income | 75/76B | €679 | €1,858 | +€1,179 | +174% |
| Recurring financial income | 75 | €679 | €1,858 | +€1,179 | +174% |
| Financial charges | 65/66B | €12,831 | €18,220 | +€5,389 | +42.0% |
| Recurring financial charges | 65 | €12,831 | €18,220 | +€5,389 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €59,106 | €65,071 | +€5,965 | +10.1% |
| Income taxes | 67/77 | €15,780 | €17,456 | +€1,676 | +10.6% |
| Profit (loss) for the period | 9904 | €43,326 | €47,615 | +€4,289 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,326 | €47,615 | +€4,289 | +9.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.